The numbers are likely to be scrutinized by investors even more closely than usual, coming close on the heels of signals from the Federal Reserve that it will start pulling back on stimulus measures if the economy improves. Recently, Federal Reserve chairman Ben Bernanke has said the central bank could start tapering its bond purchases by the end of the year.

Other economic news: Beyond the jobs report, investors will digest an advance estimate on second quarter gross domestic product, which is due out Wednesday, as is the Federal Open Market Committee's decision on interest rates.

Auto sales, consumer confidence, the Case-Shiller 20 city index, pending home sales, and personal income and spending are also on tap.

Starbucks reports best quarter ever

More earnings: A few major companies are also set to report earnings this week, including Herbalife(HLF), Sprint(JZK) and Exxon Mobil. (XOM)